A scholarship will pay you $$150$ at the end of each month for four years while you attend college. At a rate of $0\mathrm{.}3\%$ per month, what are these payments worth to you on the day you enter college?

A scholarship will pay you $$150$ at the end of each month for four years while you attend college. At a rate of $0\mathrm{.}3\%$ per month, what are these payments worth to you on the day you enter college?

$$6,174\mathrm{.}29$

$$6,696\mathrm{.}28$

$$6,608\mathrm{.}87$

$$6,201\mathrm{.}16$

$$7,731\mathrm{.}76$